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Property profile & analytics
FOR LEASE
Strip malls
2100 45Th St West Palm Beach, FL 33407
Individually Owned
Absentee Owner
Free & Clear
Property ID
US18-4288612
For Lease
1 / 8
$20 SF/Yr
2100 45Th St, West Palm Beach, FL 33407
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Property summary
AI-generated overview
Park Plaza, a Class B commercial building (58,700 total square feet) situated on 5.51 acres in West Palm Beach, Florida, offers multiple tenancy options. Built in 1985, this property is located at 2100 45th St, West Palm Beach, FL 33407, near the intersection of 45th & Congress Ave. The building is zoned CPD - Commercial Planned Development and boasts a highly visible location with excellent access to I-95, making it ideal for a variety of businesses. Seven spaces are currently available, ranging from 1,200 to 3,135 square feet. The property's diverse subtype options include Traditional Office, Medical Office, Executive Office, Coworking, and Creative Office spaces, catering to a broad range of business needs. This prime West Palm Beach location offers exceptional visibility and accessibility, ensuring high traffic and exposure for tenants. The property is in Palm Beach County and falls under the West Palm Beach submarket. Note that pricing and availability are subject to change.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
CONCRETE
Total area
37,608 SF
Lot
5.51 ac (240,055 SF)
Zoning code
CPD
APN
74-43-43-06-08-001-0000
UPID
US18-4288612
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bob Edwards & Associates Inc Insurance Agency
-
Jerk Paradise Restaurant
-
Giorgio's Cafe &,Deli Cafe & Coffee Shop
-
Advanced Children’s Therapy Physician
-
American Pain Management Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.35M
Comparable Approach
Comparable
$6.69M
Blend (final)
Blend
$8.08M
Owner & transaction history
ROBERT SPIEGEL
ROBERT SPIEGEL
Zoning & alternative use
CPD · West Palm Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Palm Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Palm Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,130,000
6.5%
$9,350,000
7%
$8,680,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,070,000
Current use
Blend value · Realmo final
$8.08M
Range $7.27M – $8.88M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$195,575
Tax year 2023
Assessed value
$8,129,113
Assessed 2023
Previous assessed
$7,862,269
+3.4% YoY
Effective rate
2.41%
On assessed value
Assessed land
$2,169,736
Assessed improvement
$5,959,377
Land market value
$2,169,736
Improvement market value
$5,959,377
Total market value
$8,129,113
Applied tax rate
74,407.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
37,608 SF
Lot
5.51 ac (240,055 SF)
Zoning code
CPD
APN
74-43-43-06-08-001-0000
UPID
US18-4288612
Jurisdiction
PALM BEACH
Metro division
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL METROPOLITAN DIVISION
Zoning & alternative use
CPD · West Palm Beach, FL
Zoning CPD · permitted uses
CPD · West Palm Beach, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Palm Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$11.1M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
5.51 ac
Current owner
From public records · entity-resolved
ROBERT SPIEGEL
Individual
Free & Clear · 0 yrs held
Mailing address
11911 US HWY 1ST STE #206, N PALM BEACH, FL 33408-2862
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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